The following summarized data (amounts in millions) are taken from the September 30, 2017, and September 24, 2016, comparative financial statements of Apple Inc., a company that designs, manufactures, and markets mobile communication and media devices and personal computers, sells a variety of related software, services, accessories, networking solutions, and offers third party digital content and applications: 2017 2016 $ 229, 234 5215,639 114,048 131,376 61,344 60,024 $ 48,351 $ 45,687 $ (Amounts Expressed in Millions) For the Fiscal Years Ended September 30 and September 24, respectively Net Sales Costs of sales Operating income Net income At Year End Assets Current assetst Cash and cash equivalents Short-term narketable securities Accounts receivable, less allowance of $58 and $53, respectively Inventories Vendor nontrade receivables Other current assets Total current assets Long-term marketable securities Property, plant, and equipment, net Goodwill Acquired intangible assets, net Other assets Total assets Liabilities and Shareholders' Equity Current liabilities: Accounts payable Accrued expenses Deferred revenue Commercial paper Current portion of long-term debt Total current liabilities Deferred revenue -noncurrent $ 20,289 53,892 17,874 4,855 17,799 13,936 128,645 194,714 33,783 5,717 2,298 10,162 $375, 319 20,484 46,671 15,754 2,132 13,545 8,283 106,869 170, 430 27,010 3,206 8,257 321,686 $ $ 37,294 49,849 25, 744 7,548 11,977 6,496 109,814 2,836 8,080 8,105 3.500 79,006 2,930 ALLEM CAP Haca Deferred revenue Commercial paper Current portion of long-term debt Total current liabilities Deferred revenue noncurrent Long-term debt Other noncurrent liabilities Total liabilities Shareholders' Equity: Common stock and additional paid-in capital, $0.99901 par value, 12,600,000 shares authorized; 5,126,201 and 5,336,166 shares issued and outstanding, respectively Retained earnings Accumulated other comprehensive income (loss) Total shareholders' equity Total liabilities and shareholders' equity 7,548 11,977 6,496 100,814 2,836 97,207 40, 415 241, 272 8,888 8,105 3,500 79,006 2,930 75,427 36,074 193,437 35,867 98,330 (150) 134,047 $ 375,319 31, 251 96,364 634 128, 249 $ 321,686 At September 26, 2015, total assets were $290,345 and total shareholders' equity was $119,355. Required: a. Calculate Apple Inc.'s working capital, current ratio, and acid-test ratio at September 30, 2017, and September 24, 2016. b. Calculate Apple's ROE for the years ended September 30, 2017, and September 24, 2016. C. Calculate Apple's ROI, showing margin and turnover, for the years ended September 30, 2017, and September 24, 2016. Answer is not complete. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required: 0. Calculate Apple Inc.'s working capital, current ratio, and acid-test ratio at September 30, 2017, and September 24, 2015. b. Calculate Apple's ROE for the years ended September 30, 2017, and September 24, 2016. C. Calculate Apple's ROI, showing margin and turnover, for the years ended September 30, 2017, and September 24, 2016. Answer is not complete. Complete this question by entering your answers in the tabs below. Required A Required B Required C Calculate Apple Inc.'s working capital, current ratio, and acid-test ratio at September 30, 2017, and September 24, 2016 (Round your ratio answers to 1 decimal place. Enter "Working capital" in million of dollars.) $ $ 2016 27,863 Working capital Current ratio Acid-test ratio 2017 27,831 13 02% Required: a. Calculate Apple Inc.'s working capital, current ratio, and acid-test ratio at September 30, 2017 and September 24, 2016. b. Calculate Apple's ROE for the years ended September 30, 2017, and September 24, 2016. c. Calculate Apple's ROI, showing margin and turnover, for the years ended September 30, 2017, and September 24, 2016. Answer is not complete. Complete this question by entering your answers in the tabs below. Required A Required B Required C Calculate Apple's ROI, showing margin and turnover, for the years ended September 30, 2017, and September 24, 2016, (Round "Turnover" answers to 2 decimal places. "Round your percentage answers to 1 decimal place.) 2017 2016 ROI Margin Turnover % 21.1 0.61 212 0.67 % Required: a. Calculate Apple Inc.'s working capital, current ratio, and acid-test ratio at September 30, 2017 and September 24, 2016. b. Calculate Apple's ROE for the years ended September 30, 2017, and September 24, 2016. c. Calculate Apple's ROI, showing margin and turnover, for the years ended September 30, 2017, and September 24, 2016. Answer is not complete. Complete this question by entering your answers in the tabs below. Required A Required B Required C Calculate Apple's ROI, showing margin and turnover, for the years ended September 30, 2017, and September 24, 2016, (Round "Turnover" answers to 2 decimal places. "Round your percentage answers to 1 decimal place.) 2017 2016 ROI Margin Turnover % 21.1 0.61 212 0.67 %
